19 Dec '11, 9am

Saudi prince invests $392 million in microblogging site Twitter (via ST iPhone App)

Saudi prince invests $392 million in microblogging site Twitter (via ST iPhone App)

Prince Alwaleed bin Talal of Saudi Arabia, standing in front of Raffles Hotel in Singapore. He and his investment company are investing a combined US$300 million into the microblogging site Twitter. -- PHOTO: KHC DUBAI, United Arab Emirates (AP) - Saudi billionaire Prince Alwaleed bin Talal says he and his investment company are investing a combined US$300 million (S$392 million) into the microblogging site Twitter. Prince Alwaleed said on Monday the joint investment with his Kingdom Holding Company represents an interest in investing 'in promising, high-growth businesses with a global impact'. Twitter allows users to send short messages of up to 140 characters. It has been instrumental in connecting protesters and relaying on-the-ground developments during this year's Arab Spring uprisings. Prince Alwaleed's KHC is a major shareholder in Citigroup and holds stakes in othe...

Full article: http://www.straitstimes.com/BreakingNews/TechandScience/S...

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Saudi prince invests in Twitter

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